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Spain Trade Summary

2023

Spain exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR SPAIN 2023

Overall Exports and Imports for Spain 2023

Exports and imports of Spain in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 420,170 million.
  • The total value of imports (CIF) was 469,043 million.
  • At the HS6 digit level, 4,464 products were exported to 230 countries and 4,501 products were imported from 234 countries.

Spain top 5 Export and Import partners 2023

Top five countries to which Spain exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Spain exports to France worth US$ 63,198 million, with a partner share of 15.04 percent.
  2. Spain exports to Germany worth US$ 42,268 million, with a partner share of 10.06 percent.
  3. Spain exports to Italy worth US$ 34,858 million, with a partner share of 8.30 percent.
  4. Spain exports to Portugal worth US$ 33,574 million, with a partner share of 7.99 percent.
  5. Spain exports to United Kingdom worth US$ 24,244 million, with a partner share of 5.77 percent.

Top five countries from which Spain imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Spain imports from Germany worth US$ 49,573 million, with a partner share of 10.57 percent.
  2. Spain imports from China worth US$ 47,555 million, with a partner share of 10.14 percent.
  3. Spain imports from France worth US$ 41,257 million, with a partner share of 8.80 percent.
  4. Spain imports from United States worth US$ 30,500 million, with a partner share of 6.50 percent.
  5. Spain imports from Italy worth US$ 29,733 million, with a partner share of 6.34 percent.

Spain Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Spain along with trade value are:

  1. Spain exported Petroleum oils, etc, (excl. crude); preparation , worth 18,434,739.67 (US$ Thousands).
  2. Spain exported Automobiles with reciprocating piston engine di , worth 12,554,287.49 (US$ Thousands).
  3. Spain exported Automobiles nes including gas turbine powered , worth 12,187,944.37 (US$ Thousands).
  4. Spain exported Other medicaments of mixed or unmixed products, , worth 11,195,110.14 (US$ Thousands).
  5. Spain exported Automobiles with reciprocating piston engine di , worth 6,034,006.84 (US$ Thousands).

The top five imported HS 6 digit level products from world by Spain along with trade value are

  1. Spain imported Petroleum oils and oils obtained from bituminou , worth 37,240,837.51 (US$ Thousands).
  2. Spain imported Other medicaments of mixed or unmixed products, , worth 12,793,341.54 (US$ Thousands).
  3. Spain imported Petroleum oils, etc, (excl. crude); preparation , worth 11,530,464.56 (US$ Thousands).
  4. Spain imported Natural gas, liquefied , worth 10,761,397.75 (US$ Thousands).
  5. Spain imported Automobiles nes including gas turbine powered , worth 10,520,663.75 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Spain in 2023 are below

  • The maximum rate of tariff in percentage on any product was 250.10 percent.
  • The simple average tariff across all products was 2.21 percent.
  • The trade weighted average tariff was 1.60 .
  • The total duty free imports in thousands of US dollars were 148,236,034.89 and duty free tariff line items share was 64.34 percent.

Development Indicators 2023

Key Development Indicators of Spain in 2023 are below

  • Spain GDP in current US dollar was 1,620,091 million.
  • GNI per capita, Atlas method (current US$) was 32,940.00 .
  • Spain Trade balance: as % of GDP was 3.93.
  • Trade balance in current US$ was 63,618.00 million.
  • Trade as percentage of GDP was 72.19 .
  • Trade in services as percentage of GDP was 18.08 .

Trade Indicators 2023

Trade Indicators for Spain in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 31.28.
  • World Growth in percentage was -3.13 and Spain Country Growth was 1.63 .